THE year 2023 has been a year of numerous challenges for the Philippine capital markets. Despite this, the Securities and Exchange Commission (SEC) took a proactive role in rolling out capital market reforms in order to keep abreast with these challenges. For 2024, we are seeing positive developments for the capital markets poised to put it at an advantage.
Around the second and third quarter of 2024, US Federal Reserve officials are expected to cut interest rates that have been at an all-time high in 2023. This would signal to other capital markets in the world to start looking into adjusting and cutting their interest rates as well. This expected cut in the interest rates is a boon for the stock market, especially the bond and real estate investment trusts markets.
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